5987 N BAY RD, Miami Beach, FL 33140

5987 N BAY RD, Miami Beach, FL 33140 is a 5-bedroom, 4-bathroom residential - single family : 1 unit built in 1946 with 4,371 square feet of living space on a 17,325 square foot lot. The property is currently owned by MARCO V MASOTTI TRS C/O PAUL WEISS RIFKIND ET AL, recorded as of 2026-04-19. The mailing address differs from the property address, suggesting this may be an investment property or rental.

The most recent sale was on 2021-01-15 for $2,875,000, when ROBERT RASKEN sold to MARCO V MASOTTI TRS. The property has appreciated $2,750,000 (2200%) since the prior sale of $125,000 on 1978-07-01. There are 3 recorded sales for this property.

The 2025 assessed value is $4,028,905 with a market value of $5,411,834. This breaks down to $4,851,000 for the land and $560,834 for the building. The assessed value increased 10% from $3,662,641 in 2024.

The median household income in this area is $191,786, and the median home value is $2,000,001. The population density is 2,726 people per square mile. 5987 N BAY RD, Miami Beach, FL 33140 is located in Miami Beach, Florida.

Property records, tax assessments, sales history, and ownership information for this Miami Beach property are sourced from miami_dade County public records. The complete ownership history of this property spans from 1972 to 2021, with 3 recorded transactions in the public record. The current assessed value represents 140% of the most recent sale price.

This high ratio could indicate the property was purchased below market value — a potential sign of a distressed sale or off-market deal. Based on the most recent sale, this property traded at $658 per square foot — a key metric for comparing value across Miami Beach's real estate market..